A Bank Charge on Any Part of a Loan That

question 71

Multiple Choice

A bank charge on any part of a loan that has not been fully drawn down by a company is called a/an:

• A) establishment fee.
• B) commitment fee.
• C) line fee.
• D) service fee.

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Definitions:

Selling Price

The price at which a product or service is sold to customers.

Marginal Cost

Expenditure incurred in producing an additional unit of a good or service.

Marginal Revenue Curve

A graphical representation showing the change in total revenue for each additional unit of a good or service sold.

Marginal Cost

The heightened cost from fabricating an extra unit of a good or service.